ENERGY

Indian power firms look offshore as coal shortages worsen

Wednesday , 01 Feb 2012
Rapidly growing demand for electricity in India has forced the third largest producer of coal to look at other countries to source the raw material.

Botswana lifts new coal prospecting permits ban

Wednesday , 01 Feb 2012
Speaking at a coal conference in Gaborone, Botswana President Ian Khama, said the country was lifting the ban on new prospecting licences for coal, coal-bed methane and related minerals.

Xstrata's coal ops deliver in 2011, copper dips

Tuesday , 31 Jan 2012
The miner posted record output from its Australian thermal coal operations in 2011, but saw a reduction in copper output as several of its mines approach the end of their operating life.

Obama will open federal public lands to natural gas exploration

Wednesday , 25 Jan 2012
In his 2012 State of the Union Address, President Barak Obama called for the end of federal oil subsidies and a doubling of clean energy grants.

Indonesia's land-acquisition law still a problem for investors

Monday , 23 Jan 2012
In a country where getting land and local permits remain big hurdles to investment, Indonesia has awarded a $4.8 billion contract to China Railway Group to build a new railway in southern Sumatra.

Poland sees big role for state firms in shale gas extraction

Friday , 20 Jan 2012
Newly appointed Polish treasury minister, Mikolaj Budzanowski, says if state-owned firms contribute strongly, he expects to see the first real effects of the extraction process by 2014.

BHP Billiton's Australia coal rail line on track

Thursday , 19 Jan 2012
The global miner reports that its proposed rail corridor to link more of its coal mines in eastern Australia with coastal export terminals remains on target.

India's quest for coal just beginning

Tuesday , 17 Jan 2012
While it is the private companies that made most of the acquisitions in the international coal market last year, there is no shortage of money in the war chests of India's state-owned coal firms

Xstrata sells 2 S.Africa collieries to Imbawula

Tuesday , 17 Jan 2012
The company has sold its Spitzkop and Tselentis coal collieries in South Africa to the Imbawula group for an undisclosed amount, adding that there would be no job losses as a result of the deal.

Eurometeaux gears up for EU carbon tax talks

Monday , 16 Jan 2012
The metals lobby group is gearing up to meet with the European commission at the end of January to persuade it to grant the sector full exemption from the indirect carbon costs embedded in electricity prices.

Exxaro reaches deal with Arnot mine workers

Friday , 13 Jan 2012
The company averted a planned strike by workers at its Arnot coal mine in South Africa late Thursday after it reached a deal with the union.

CORRECTION: Leave to appeal lodged in Wescoal Saga

Thursday , 12 Jan 2012
Both BSM mining and Sutha Civils have lodged appeals against the Judge's findings in their case agains Wescoal

Multi Billion Rand Swazi Rail Link Launched

Thursday , 12 Jan 2012
In the first large scale rail investment in the region since 1976, Transnet and Swaziland Railway announced they will construct a new 146km rail connection to boost coal export capacity

Caterpillar makes further inroads into Chinese longwall coal

Wednesday , 11 Jan 2012
Cat's acquisition of Bucyrus, and thus of DBT, is paying dividends in China with the sale of another automated longwall coal system.

Resettled Mozambique families protest against Brazil's Vale

Wednesday , 11 Jan 2012
About 700 families resettled away from Vale's Moatize coal mine in Mozambique protested on Tuesday, saying the company had failed to keep promises made to them in 2009.

Canada's regulatory system 'broken' - Resources minister

Wednesday , 11 Jan 2012
Canada's Natural Resources Minister says environmental and other radical groups are hijacking Canada's regulatory system with the financial help of jet-setting U.S. celebrities and other foreign interests.

Richards Bay set shipment record in December

Tuesday , 10 Jan 2012
South Africa's RBCT said it shipped 8.1m tonnes of coal in December, a new record that bodes well for coal companies

Riversdale eyes new North America coal prospects, Australia IPO

Tuesday , 10 Jan 2012
Riversdale Resources, headed by former Riversdale Mining executives Michael O'Keeffe and Steve Mallyon, is currently scouring North America for new coal prospects while preparing for its Australian IPO.

Coal India set to explore coal in South Africa

Monday , 09 Jan 2012
Coal India, which has allocated $1.13 billion for acquisitions, is set to ink an agreement for coal blocks in South Africa to plug India's coal demand supply gap of 114m metric tonnes.

Yanzhou/ Gloucester Coal merger has big chance of success - UBS

Monday , 09 Jan 2012
Financial adviser UBS reckons there should be few obstacles in the way of the proposed A$2 billion merger of Chinese miner Yanzhou Coal and Australia's Gloucester Coal.

Aditya Birla group mulls stake in Indonesia coal firm

Thursday , 05 Jan 2012
The Indian group is considering making a bid for a 10 to 15% stake in Indonesian coal miner Bumi Resources Tbk PT, the Economic Times reported on Thursday.

France's nuclear reactors need improvement for extreme cases

Tuesday , 03 Jan 2012
The French nuclear safety authority says even though the country's 58 nuclear reactors are safe and need not be shut down, safety systems must be improved quickly to prepare for extreme cases.

Gloucester Coal awaits completion of due diligence by Yanzhou - report

Tuesday , 03 Jan 2012
The Australian Financial Review said Tuesday the proposed takeover of Gloucester Coal is still subject to the completion of due diligence by China's Yanzhou Coal Mining.

3million t/y Colorado coal mine achieves commercial production

Saturday , 31 Dec 2011
Cline Mining's 3 million ton/year New Elk metallurgical coal mine has started commercial production and expects to mine 2.5 million tonnes in 2012

China announces discovery of massive coal deposit

Friday , 23 Dec 2011
The discovery of a massive new coal reserve in Xinjiang Uygur is hoped will help meet China's coal requirements, which are set to grow to 1 gigaton during the 12th 5-year plan.

Gloucester Coal's shares jump 23% after China bid

Friday , 23 Dec 2011
Shares in Sydney-based Gloucester Coal climbed 23% on Friday after China's Yanzhou Coal announced plans to merge its Australian unit with Gloucester.

Philippines' Semirara, Meralco sign 7-yr power deal

Friday , 23 Dec 2011
Semirara Mining said on Friday it had signed a seven-year deal to sell up to a 410-megawatt power capacity to power distributor, Meralco.
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Junior gold stocks to prosper, copper on brink of rebound - Joe Mazumdar

Saturday , 04 Feb 2012
Joe Mazumdar talks about why he sees mergers and acquisitions as key catalysts for a rebound in the junior gold space in 2012. Gold Report interview.
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